Pudgy Penguins (PENGU) has been catching attention with recent sharp moves. Over the last week, its price rose by more than 50%, and news around the proposed ETF filing seems to have added fuel to the trend. Despite daily pullbacks, trading volume remains strong, suggesting traders are still active around this coin.
Table of Contents
Click to Expand
Momentum Indicators
RSI: Overbought
RSI measures overbought or oversold conditions. RSI(14) today is 70, up from 69 yesterday and 47 a week ago. Short-term RSI(7) is even higher at 82, suggesting the token is nearing overbought territory. This shows bullish momentum, but also indicates potential caution for late buyers.
Read also: RSI: The Beginner’s Tool That Most People Use Wrong
MFI: Overbought
The Money Flow Index combines price and volume to gauge buying pressure. MFI(14) today is 86, up from 82 yesterday and 33 a week ago. Such high levels point to strong inflows but also risk of a reversal if buyers lose conviction.
Fear & Greed Index: Greed
This market-wide indicator shows moderate greed today at 63, slightly down from 64 yesterday. Compared to a week ago (66), the reading remains steady, suggesting market sentiment is rather positive.
Moving Averages
SMA & EMA: Bullish
Both short-term (9) and longer-term (26) averages are trending upwards. SMA(9) is at 0.0124 and EMA(9) at 0.0129, while SMA(26) is 0.0108 and EMA(26) is 0.0115. The price staying above these averages indicates underlying bullish momentum.
Bollinger Bands: Increased Volatility
Bollinger Bands measure volatility and possible breakout points. Today, the upper band is 0.0151 and the lower band is 0.0064. With price approaching the upper band, market conditions suggest possible overbought levels combined with rising volatility.
Trend & Volatility Indicators
ADX: Moderate Trend
The ADX measures trend strength. ADX(14) today is 22, up from 20 yesterday and 12 a week ago. It indicates that while the trend is gaining strength, it is not yet strong enough to confirm a decisive breakout.
ATR: Rising Volatility
The ATR captures market volatility. ATR(14) today is 0.0016, slightly up from 0.0015 yesterday and 0.0011 a week ago. This increase shows that price swings are getting larger, which often accompanies periods of market uncertainty or trend formation.
AO: Bullish
The Awesome Oscillator confirms momentum shifts. AO today is 0.0035, rising from 0.0026 yesterday and recovering from -0.0014 a week ago. This supports the current bullish trend seen in other indicators.
VWAP: Bullish
VWAP shows whether the price is above or below volume-weighted average. Today’s VWAP is 0.0107, which places PENGU above this level, often interpreted as bullish.
Relative Performance
Comparison Against DOGE: Rising
PENGU’s performance compared to DOGE has been strong. The PENGU/DOGE ratio rose by 55% over the past 7 days and 69% over the past 30 days, indicating that PENGU has been outperforming.
Summary
Overall, most indicators show bullish signals supported by volume and trend growth. However, both RSI and MFI are entering overbought areas, suggesting possible short-term pullbacks or consolidation before the next move.
As always, remember that technical analysis has limitations. It does not predict fundamental news outcomes, and sudden market sentiment changes could alter the trend quickly. Investors should combine these insights with fundamental and news-based assessments before making decisions.
